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Ted... The version you have (Type 2) is most likely cut down from an advertising sheet, as there is no printing along the bottom margin... The 'proofs' (for lack of a better term) more closely resemble the insert cards (Type 1) as illustrated on Borchers. The difference is the paper stock. Type 1's are similar to E-120 / E-121 while the Type 3 "proofs" are more similar to Cracker Jack / Mello Mints. To my knowledge only one group (appx 31 different) has entered the hobby, originating from a very large find of paper ephemera which was originally collected in San Francisco between the 1880's and the 1910's. This collection entered the hobby back in the late 70's. The last time I saw them Terry Knouse was offering them for sale.

Pete--supply is only one side of the equation. What is trimmed off a poster is less valuable than actually issued cards.

I can definitively argue that the demand side of the equation is more important than the supply side in determining value. And no doubt most, if not all, poster cuts are less valuable than cards, in my experience (too).

I can definitively argue that the demand side of the equation is more important than the supply side in determining value. And no doubt most, if not all, poster cuts are less valuable than cards, in my experience (too).

If type 2 means trimmed off a poster they got it right. I don't believe that these should be slabbed at all, not with an A and certainly not with a numerical grade. Are there any other items trimmed off a poster that get slabbed?